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Equal Housing Opportunities
 

Interest Rates

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KHC Mortgage Interest Rates as of 11/20/09, 9:00 a.m. ET

Rates subject to change without notice.

NEW REDUCED MRB RATES  

  • All borrowers must have a credit score of at least 700
  • Cannot obtain KHC-funded down payment assistance
  • Effective with reservations made Wednesday, October 28, 2009 and after

Loan Type

Regular Rate

Zero-Point Rate

Government Rates

4.875%

5.250%

 

Current Mortgage Revenue Bond (MRB) Interest Rates 

Loan Type

Regular Rate

Zero-Point Rate

*Government Rates

5.125%

5.500%

**Conventional

See Secondary Rates

See Secondary Rates

$8000 first-time homebuyer tax credit is allowed for this funding source (for closings between January 1, 2009 to November 30, 2009) - tax credit applied for at time of tax preparation not closing

*Government includes FHA, VA and RHS products.

**Conventional product is no longer available under MRB program - must go Secondary Market.

 

Current Secondary Market Mortgage (Cash Window) Interest Rates 

(Refinances & Purchases)

Loan Type

1 YSP

MCM 97 (103 CLTV)

5.250%

  • Simplified pricing includes LLPA and Adverse Market Fee
  • No price adjustments for LTV, loan amount or credit score
  • 30-day lock
  • Reduced MI - 18% coverage on 97% LTV
  • Down payment assistance available for purchases - maximum CLTV 103%
  • MCM limited cash-out refinance (maximum LTV/CLTV 95%)
  • Minimum credit score 660 - 40/45% ratios
  • DU approval required - no expanded approvals
  • $8000 first-time homebuyer tax credit is allowed for this funding source (for closings between January 1, 2009 to November 30, 2009) - tax credit applied for at time of tax preparation not closing

 

 



 
 
For more information contact:
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Brenda Walker
(502) 564-7630 ext. 783
(800) 633-8896 (KY only)

1231 Louisville Road, Frankfort, Kentucky 40601
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